Get started

Bitcoinsignals

Bitcoin is Ready to Attack the Resistance Zone ==>>Short termBitcoin ended up filling both CME Gaps as I expected. Bitcoin is currently moving near the Support zone($65,500-$64,600) and seems to have succeeded in forming a Falling Wedge Pattern . I expect Bitcoin to attack the Resistance zone($67,540-$66,740) at least once and if this zone is broken, we should expect Bitcoin to reach $68,000 . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
24
BITCOIN has entered into early Parabolic Rally levels.Bitcoin (BTCUSD) is about to close the month of July with a strong test-and-hold on its historic Parabolic Growth Channel, which is the zone that has signified its cyclical bottom and the recommended region to buy after a Bear Cycle. This marks the 5th straight month of sideways trading and as this 1M chart shows, this is a behavioral pattern that normally takes place before BTC starts its most aggressive part of the Bull Cycle, the 'Parabolic Rally'. What precedes this is of course the Accumulation Phase within the Parabolic Growth Channel. We are some months past this stage and based on the Time Cycles, the market has just entered the (green) region where the Parabolic Rally can start anytime. Do you expect that to start as early as next month? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2
From Monthly to Daily: Bitcoin’s Bullish Surge Above $100KI'm not a "to the Mooner", and when I thought Bitcoin was going down, I said so, even though I knew I'd get some negative comments. I'm not a perma-bear either... In fact, at the beginning of this month, I mentioned that the break under 60k is most probably a false break. I try to stay as objective as possible, trading based on what I see rather than my biases, and right now everything I'm seeing looks extremely bullish I'll break down my analysis from monthly to daily because I believe all signs point to Bitcoin reaching 100k or more by the end of the year. Monthly Chart Analysis: Starting with the monthly chart, although I'm not an Elliott Wave (EW) expert, it's quite clear that from the 15,500 bottom, we have an impulsive EW structure. The first wave reached 31.5K, followed by a correction in the second wave down to 25K. Wave three then surged to 74K, and now we're experiencing the complex correction that typically characterizes wave four. Going further with basic Elliott Wave (EW) theory, Wave 1 shows an approximate 100% increase from 15,500 to 31,500. Wave 3 then surged from 25,000 to 74,000, an approximate 200% increase. After a correction in Wave 4 down to 54,000, we can now project Wave 5 using these percentage movements. Using the percentage increase of Wave 1 (100%) and applying it to the bottom of Wave 4 (54,000): - A 1.0x extension of Wave 1’s percentage increase suggests Wave 5 could rise by approximately 54k (54,000 * 1.0), reaching a target above 100k. - A more bullish scenario, using a 1.618 extension of Wave 1’s percentage increase, suggests Wave 5 could rise by approximately 90,000 (54,000 * 1.6), reaching a target of 144,000. Therefore, considering these percentage movements and the high volatility of Bitcoin, the potential target for Wave 5 could be between 100k and 150k, depending on market conditions and the exact nature of Wave 5. Weekly Chart Analysis: Refining to the weekly chart, we observe a notable upward movement from 25 to 74, followed by a correction that forms a bullish flag pattern. The bottom of this flag pattern aligns around the 38% Fibonacci retracement level, which is typical for flag formations. Additionally, from a price action perspective, the last three weeks exhibit strong bullish tendencies, with the current week presenting a bullish continuation Pin Bar. Applying the measured target for the flag pattern projects a value above 100k. If we were to apply a percentage-based target similar to the wave analysis, it would suggest 150k, but it's prudent to hold off on that projection for now (though this would approximately equate to a 1.6 extension from the monthly wave analysis). Daily Chart Analysis: Zooming in further to the daily chart, we clearly see a false break followed by a reversal back above 60k. The recent correction dropped to a horizontal support level, concluding with a Pin Bar. Adding to this, yesterday's bullish candle completes a strongly bullish Morning Star pattern, indicating a likely imminent break of the resistance level. Overall Perspective and Conclusion: Looking at Bitcoin's behavior from monthly down to daily charts, the outlook remains very positive. The long-term wave analysis suggests significant growth potential. On the weekly chart, the bullish flag pattern points to further gains, and the daily chart's reversal patterns reinforce this bullish sentiment. In summary, Bitcoin is showing strong signs of upward movement across all time frames. While conservative targets point to around 100k, the possibility of reaching 150k isn't off the table if the bullish trends continue. As always, it's wise to watch for key resistance breaks to confirm these bullish projections. Best of luck! Mihai Iacob
COINBASE:BTCUSDLong
by Mihai_Iacob
15
Bitcoin will Fill the CME Gap!!!Bitcoin reached the Resistance zone($68,000-$66,170) again. Will Bitcoin succeed in breaking this zone or not❗️❓ According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 ; the structure of the main wave 5 can be Expanding Ending Diagonal . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Bitcoin to go down at least up to the Support line and the CME Gap($66,350-$65,835) . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
37
Annual Bitcoin Conference 2024==>>ExpectationsBitcoin moved as I expected in previous posts . The question here is whether the upward trend of Bitcoin continues or not!? I apologize for the that the chart is a bit busy. I think all was needed😊. 🌐 Breaking News : As I was writing this post, the breaking news was that Joe Biden withdrew from the US presidential election, which can shock financial markets. 🌐 Bitcoin is currently moving in the Resistance zone($68,000-$66,170) and Ascending Channel . According to the theory of Elliott waves , Bitcoin seems to have completed the main wave 3 in the resistance zone , and now we have to wait for corrective waves . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . In addition, if we look at the USDT.D% chart , we will notice that USDT.D% is near the Lower line of the Ascending Channel and the Support zone , which I expect USDT.D% to have a little upward trend in the coming days, which will also correct the cryptocurrency market. As a result, corrective waves can continue until the start of the annual Bitcoin conference 2024 , and if Bitcoin breaks the Support lines , the Support zone($64,000-$62,280) , 100_SMA(Daily) and 21_SMA(Weekly) , we can wait for the CME Gap($60,845-$57,895) to be filled. ------------------------------------------------------------- Now, let's get some information about the Annual Bitcoin Conference . The Bitcoin Conference(started in 2011) is an annual event where industry leaders, developers, and enthusiasts gather to discuss the latest advancements in Bitcoin and blockchain technology. The conference features keynote speakers, panel discussions, and networking opportunities, providing insights into the future of cryptocurrency, regulatory issues, and innovations in the space. It's a key platform for sharing knowledge, exploring new ideas, and connecting with others in the Bitcoin community. My review from 2017 is that the market cap of the cryptocurrency is considerably higher than in the years before 2017. ------------------------------------------------------------- The year 2017: Date: May 22-24 The main market trend: Bullish Bitcoin changes during the conference(%): +7.66% ------------------------------------------------------------- The year 2018: Date: May 14-16 The main market trend: Bearish Bitcoin changes during the conference(%): -4.27% ------------------------------------------------------------- The year 2019: Date: May 13-15 The main market trend: Bullish Bitcoin changes during the conference(%): +11.87% ------------------------------------------------------------- The year 2020:Covid ------------------------------------------------------------- The year 2021: Date: June 4-5 The main market trend: Bearish Bitcoin changes during the conference(%): -5.6% ------------------------------------------------------------- The year 2022: Date: April 6-9 The main market trend: Bearish Bitcoin changes during the conference(%): -6.89% ------------------------------------------------------------- The year 2023: Date: May 18-19 The main market trend: Bullish(in correction) Bitcoin changes during the conference(%): +2.00 % ------------------------------------------------------------- The year 2024: Date: July 25-27 The main market trend: Bullish(in correction) Bitcoin changes during the conference(%): ❗️❓ % What do you think about the annual Bitcoin conference in 2024? Will Bitcoin continue to rise? ------------------------------------------------------------- It can be concluded that when the general trend of the market is bullish , Bitcoin has increased during the annual Bitcoin Conference, this review is only based on past data. Another point is that Donald Trump will probably speak at this conference this year, so Bitcoin probably increase in the two days of the annual Bitcoin conference 2024. But before holding the annual Bitcoin conference in 2024, we can wait for Bitcoin correction. ------------------------------------------------------------- Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
Bitcoin Analysis==>>Bat PatternBitcoin is currently moving in an Important Resistance zone($68,000-$66,170) , which it has tried to break several times. It also seems that Bitcoin has succeeded in forming a 🦇 Bearish Bat Harmonic Pattern 🦇. I expect Bitcoin to drop to at least the Lower line of the Ascending Channel . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
20
Bitcoin will go up again==>>Short termBitcoin made the corrections I had expected in previous posts . Bitcoin is moving near the Heavy Support zone($63,410-$62,280) and Support lines . I expect Bitcoin to rise by touching the Support lines and Support zone($63,520-$63,240) . Bitcoin Analyze (BTCUSDT), 15-minute frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
11
BITCOIN on the most critical 1DMA50 test. Hard rally if it holdsBitcoin (BTCUSD) is testing today the 1D MA50 (blue trend-line) for the first time since July 19, on the most important 'break-and-pullback' re-test since October 11 2023! That was the last time BTC re-tested the 1D MA50 as a Support after a recent break-out, following the April 14 2023 - September 11 2023 Bearish Leg of the 21-month Channel Up that started back at the bottom of the last Bear Cycle in November 2022. Despite marginally breaking below it on the re-test, it managed to sustain candle closings above it and that kickstarted the October 2023 - March 2024 rally. As a result, we expect a similar rally to start if the same closing conditions hold, which will technically be the Channel's new Bullish Leg that may finally hit the $100k psychological benchmark. It has to be said also, that next week's Fed Rate Decision or at least a hint towards the September meeting will undoubtedly have a huge impact on it. But what do you think? Will the 1D MA50 hold again and initiate that rally? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
BITCOIN ( LONG ) ( 4H )BITCOIN HELLO TRADERS Tendency , the price is under bullish pressure until trade above turning level . TURNING LEVEL : the price of turning level around 66,400 , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level . RESISTANCE LEVEL (1) : around 69,648 , for reach this level will be stabilizing above turning level . RESISTANCE LEVEL (2) : around 71,685 , for reach this level the price will stabilizing above resistance level (1) SUPPORT LEVEL (1) : support level at 63,345 , for reach this level will be breaking and stabilizing below turning level . SUPPORT LEVEL (2) : support level at 59,299, for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : the price retest before rising at 66,400 . TARGET LEVEL : RESISTANCE LEVEL : 69,648, 71,685 . SUPPORT LEVEL ; 63,345 , 59,299 .
BITSTAMP:BTCUSDLong
by ArinaKarayi
BITCOIN Global liquidity sending a major rally signal.This is not the first time we associate Bitcoin (BTCUSD) with our unique Global Liquidity (GL) metric (orange trend-line) and it will certainly not be the last. We are just making a highly critical update as GL is rebounding after April's Higher Low. At the same time, BTC is testing for the 5th month its ATH trend-line (has technically broken it, so we can't be talking about a rejection) and every time these two parameters have taken place in past Cycles, the price started the parabolic rally phase. As the Sine Waves very illustratively shows us, this happens every 1400 days and on August we complete this condition. Can this be the final warning to buy? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
1
Bitcoin is Ready to Attack to Heavy Resistance zoneBitcoin moved as I expected in yesterday's post and managed to break the descending channel and Resistance zone($65,500-$64,850) . According to Elliott's wave theory, Bitcoin is completing the main wave 5 . I expect Bitcoin to start rising again after the minor correction and attack the Heavy Resistance zone($67,930-$66,160) . Do you think Bitcoin will break the Heavy Resistance zone($67,930-$66,160)❗️❓ Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
26
Bitcoin Roadmap==>>4-hour Time FrameBitcoin made the corrections I had expected in previous posts . Bitcoin is currently moving in the Support zone($63,410-$62,280) . According to the good news from the crypto market , we should expect an increase in Bitcoin at least until the end of July, when the annual Bitcoin conference is in a few days. According to the Elliott wave theory , Bitcoin seems to be completing wave 4 . If the upper line of the descending channel breaks, we can confirm its end . I expect Bitcoin to rise to at least the Resistance zone($68,000-$66,170) . Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
18
BITCOIN Bull Flag ready to do its job.Bitcoin (BTCUSD) is approaching the top of the 4-month Bull Flag pattern and is technically ready to break above it. When it does, expect a parabolic break-out as this will be a bullish structure within a long-term Channel Up (blue) breaking above the All Time High (ATH) trend-line. ** Bull Flags are a norm ** Similar Bull Flags that broke above the exact same level in previous Bull Cycles, started exactly what we expect: the Cycle's Parabolic Rally. In fact, you can see on this 1W chart that the Channel Up patterns that started at Cycle bottoms and reached the ATH, all had a number of Bull Flag structures similar to the current one, that were nothing more than short-term Channel Downs. And those Channel Down patterns are what usually scare short-term investors/ traders away and force them into making hasty decisions. ** Sine Waves and Cycle's Top ** In our opinion the recent correction changes nothing and as the chart shows, BTC is well within its Bull Cycle. The Sine Waves indicated that we may be another 11-12 months before the Cycle's Top. Since the previous Cycle Top 'only' reached the 0.786 Fibonacci retracement level of the Fib Channel Up, we could expect this time to go as high as the 0.5 Fib (deceleration), possibly the Theory of Diminishing Returns kicking in. Still the Target may be at $200000 at least. So what do you think? Is this just a Bull Flag ready to do its job and push Bitcoin to 100k and beyond? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
Bitcoin Analysis==>>15-minute time frameBitcoin is moving near the Resistance zone($65,500-$64,850) and Resistance lines . I expect Bitcoin to attack the Support zone($64,280-$63,850) again in the coming hours; if the support zone breaks , we should expect Bitcoin to fall at least to the support line . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
33
Bitcoin Need Correction!!!==>>15-min time frameBitcoin started to rise after the German government finished selling Bitcoin , and what happened to Trump . Bitcoin is currently in the Resistance zone($64,420-$62,700) and near the 21_SMA(Weekly) . According to the theory of Elliot waves , it seems that five waves have been completed and we should wait for corrective waves . I expect Bitcoin to fall to at least $61,780 . Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
16
BITCOIN above the 1D MA50 after 1 month!Bitcoin (BTCUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time after 1 month (since June 18). It even closed the 1D candle above it, showcasing enormous buying pressure on the short-term. That is within the 4-month Channel Down pattern, whose 3rd Bullish Leg started after bottoming (Lower Low) on July 05. The 1st Bullish Leg was +24.30%, the second was +27.30% (3% higher), so assuming this is a progression, we can expect the current Bullish Leg to be +30.30%. We are aiming for $69500, slightly below the +30.30% mark. We will have a long-term bullish confirmation once BTC breaks above March's Resistance Zone. Do you think it will? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
4
Bitcoin Outlook 2024It's been a while since I posted something on TradingView, mostly because there has been nothing going on for months now. However, I believe we are coming into a major pivot point for Bitcoin. In the past, when Bitcoin consolidates at previous all-time highs, it's a strong sign that we are entering a Bitcoin bull market. But this time, it seems, at least for now, that the tide has turned to the downside. The main chart above shows the most important macro trendline to follow right now, with multi-year support and two major cycle lows put in on this trendline. If we take a look at my lay lines and Fib time zones, you can see why I think the 2024 outlook is going to be more downside. A new time cycle will start sometime around December 2024, which matches with the lay lines also. A very important Time Fib, which I have been using for years, starts this month. As you can see, it is powerful at predicting pivot points. Unfortunately, last year it failed for the first time in predicting anything, so let's see what happens this month. As you can see from the model, Bitcoin has failed to close above the last band. This last band shows the last phases of Bitcoin cycles. MACD BEARISH CROSS 2W The MACD has crossed bearish on the 2W timeframe five times. One out of the five times it was a false signal, and that was the crash in May 2021 down to 30k. The rest of the time, when this signal fires off, Bitcoin from that candle close on average moves down 63%. It is important to note that even though we have crossed bearish on the MACD, we need to wait for it to confirm in 10 days as of this post, which would be the close of this current 2W candle. STOCHASTIC RSI We have officially gotten a sell signal on the monthly. Two moving averages have closed under the 80 level. In 2021, this again was a false signal; we rallied for months while moving averages kept moving down. Mayer Multiple Band Completely broken down from the yellow band. The next band is at 43k. My indicators This shot is showing Heikin Candles. As you can see, it's pretty good at calling tops , its not perfect , but considering this is a real-time signal, it is very powerful. This signal will confirm in 27 days, though. Same shot but using Japanese candles. As you can see, we have two sell signals up here on a monthly timeframe. As soon as I saw the second one, I knew already that the outcome was most likely down. CME GAP STILL OPEN Let's not forget that the CME GAP at 20k is still open. That is a 60% drawdown from where we are now, which would take us down to 20k where the CME GAP is, which is in line with the 2W candle MACD bearish cross average drop. Conclusion There are so many sell signals right now, and these sell signals are on monthly and 2-week timeframes. We are talking about huge momentum here. My view is we go down for the rest of the year until December 2024, when rate cuts come in and the bull market starts until September 2025. After that, blood. Anything is possible. A black swan event would take it down to close the CME GAP most likely. Remember, anyone who was here in March 2020, we dropped 63% in about 20 days.
INDEX:BTCUSDShort
by Sporia
3
Bitcoin Analysis==>>15-minute time frameAfter breaking the lower line of the Leading Diagonal , Bitcoin confirmed the completion of this pattern yesterday. Today, I analyzed Bitcoin for you in 15-minute time frame . According to the Elliott wave theory , Bitcoin seems to have completed the Zigzag Correction near the lower line of the Leading Diagonal ( pullback completion ). I expect Bitcoin to go DOWN to the Targets specified in the chart in the coming hours. Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
11
Bitcoin Analysis==>>RoadmapAfter the announcement of the Consumer Price Index(CPI) Indexes , it seems that Bitcoin's correction structure has changed a little, but I still DO NOT expect an increase in its price. In terms of Elliott wave theory , Bitcoin seems to be completing the Leading Diagonal . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Bitcoin to start falling again after entering the Potential Reversal Zone(PRZ) and at least fall to the Target I have specified on the chart. Note: If Bitcoin can go above $62,000, the scenario will change. Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
15
BITCOIN A 'game' of angles...This isn't the first time we post this chart on Bitcoin (BTCUSD) and the relevance that its Cyclical Angles have but it is an added step with its RSI and phases. We are on the 1W time-frame where as you can see every Cycle has been so far approximately 10 degrees (°) less than the previous one from top to bottom. The 1st Cycle (2012 - 2013) was 54°, the 2nd (2015 - 2017) was 42° and the 3rd (2019 - 2021) was 30°. Based on this progressive sequence, we can expect the current one to top at around 20° from the bottom. Even though the price is on a declining angle rate, the 1W RSI is remarkably stable. As you can see, every Bull Cycle is around 25°, so there is no reason to expect the current one to diverge from this. This way when the RSI tops, we will now when to sell and sit back with the profits until the next Bear Cycle bottom. On top of all the above, we see that according to the Bull Cycle phases classification, Bitcoin is still within its Accumulation Phase (blue Rectangle), so we haven't yet seen its most aggressive part, the Take-off Phase (orange). But what do you think? Are we about to see that parabolic rally of the Take-off Phase and if so, is this 'Angle' analysis accurate at predicting when to take profit? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
5
BITCOIN The 4 year Cycle of June - September..Bitcoin (BTCUSD) revisited last week more than 4-month lows and the market is again in anxiety. Righfully so but a quick look on the 4-year Cycles and what BTC has down throughout the June - September period, puts every thing again back into context. As you can see those Jun - Sep periods of 2020, 2016 and 2012 have mostly been bullish with one correction under their belt on all three of them. More specifically, July has initiated rallies on all occasions but only 2016 saw a stronger correction and Lower Low after it. On the current Jun - Sep period (2024), we've already made a Lower Low relative to May 01, so it is less likely to see a new one but of course it is possible. In any event, the 1W MA50 (red trend-line) should technically support. As a result, the current levels for Bitcoin seem cyclically to be low risk buy entries especially on a DCA approach. But what do you think? Will BTC make another Lower Low and replicate 2016? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
3
BITCOIN vs VIX. This is why it will rally!We usually consult the Volatility Index (VIX) when attempting to project movements on stock indices. But as recent price actions reveals, it can work equally well on predicting the trend on Bitcoin (BTCUSD). Take BTC's Channel Up for example on the 1W time-frame. VIX (black trend-line) has started a consolidation phase (green ellipse) following a strong decline in mid-April to mid-May. Since the November 2022 market bottom, VIX posts this consolidation pattern before it typically rallies. That is technically not just some rally but the Bullish Leg of this long-term Channel Up formation. As a result, with VIX consolidating, it could only be a matter of time before Bitcoin starts the new rally to new All Time Highs. What do you think? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
8
BITCOIN Is this the pattern that will save the day?Bitcoin (BTCUSD) is experiencing yet another brutal sell-off today that is bringing it even closer to the 1W MA50 (red trend-line). As mentioned on previous analyses, the 1W MA50 is BTC's ultimate Support trend-line throughout a Bull Cycle and you can clearly see that on the right chart. During all its Bull Cycles, the 1W MA50 has supported the Parabolic Rally, until it decisively broke and confirmed the new Bear Cycle. It is therefore a standard go-to signal for long-term investors. On the 1D time-frame (chart on the left), there is an underlying Channel Up that supported the last major medium-term pull-back on September 11 and October 11 2023. We are only a few clicks from testing this Channel's bottom, which is still around $5000 above where the 1W MA50 is right now. As mentioned previously, chances are that BTC turns sideways and approaches the 1W MA50 while it consolidates sideways and forms a bottom. Notice how the Megaphone pattern that started on the March 14 2024 High, would be ideal for materializing this scenario. Even a marginal break of the 1W MA50 doesn't constitute a long-term bearish reversal, as long as the 1W candle still closes above it (like on June 21 2021). So while we do have our natural Cyclical Support level, do you also think that this Channel Up will save the day for BTC and stop further bleeding and the possibility of an early Bear Cycle? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
11